News from CRF

April 30, 2010

Breaking News: Baldinger Bakery Breaks Ground on New Facility

CRF Funding Keeps Buns and Recovery Rolling


This morning, CRF USA staff joined civic leaders and the owners of Baldinger Bakery, a 122-year old St. Paul, Minnesota landmark, in a ground-breaking ceremony to celebrate the company's new state-of-the-art commercial baking facility.

>> Watch Video

The bakery had outgrown its original, 60,000 square-foot facility years ago, and seriously considered a move to the suburbs. With an acute need to expand production and stay competitive, Baldinger decided to purchase a nine-acre site and build a new factory from the ground up.

CRF USA partnered with the St. Paul Port Authority to provide the business financing needed for the new construction. The project will create over 50,000 hours of construction-related jobs, and the bakery employs over 100 full-time workers. Baldinger Bakery has supplied McDonald's restaurants for over 50 years.

Now under construction, the new facility includes new equipment and many energy enhancements.

Baldinger Bakery has made buns, bread and other baked goods in St. Paul since 1888, employing thousands of Minnesotans. Today, many second- and even third-generation workers are still baking products for many of the world's premier food companies.

Do you like this story? Help CRF USA secure a $1 million operating grant from Sam's Club to fund 300 more deserving businesses. Tweet this message on April 30:

Tell @SamsClub: CRF_USA's financing of Baldinger Bakery keeps the buns & recovery rolling in St. Paul MN #sams4CRFUSA http://bit.ly/d02SaA

Posted by: CRFUSA

Comments:

There are no comments for this post. Be the first to comment!

Topics